Joseph Gebbia Sells 294,903 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 294,903 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $148.43, for a total value of $43,772,452.29. Following the transaction, the director owned 2,622,452 shares in the company, valued at approximately $389,250,550.36. This trade represents a 10.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Joseph Gebbia also recently made the following trade(s):

• On Monday, June 15th, Joseph Gebbia sold 265,000 shares of Airbnb stock. The shares were sold at an average price of $138.51, for a total value of $36,705,150.00.
• On Monday, June 1st, Joseph Gebbia sold 265,000 shares of Airbnb stock. The shares were sold at an average price of $135.45, for a total transaction of $35,894,250.00.
• On Tuesday, May 26th, Joseph Gebbia sold 2,860 shares of Airbnb stock. The shares were sold at an average price of $133.44, for a total transaction of $381,638.40.
• On Monday, May 18th, Joseph Gebbia sold 54,000 shares of Airbnb stock. The stock was sold at an average price of $134.86, for a total transaction of $7,282,440.00.
• On Monday, May 4th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $140.37, for a total transaction of $8,141,460.00.
• On Monday, April 20th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $142.59, for a total transaction of $8,270,220.00.
• On Monday, April 6th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $126.16, for a total transaction of $7,317,280.00.

Airbnb Trading Up 1.1%

ABNB opened at $148.93 on Friday. The firm’s fifty day moving average is $137.77 and its two-hundred day moving average is $133.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $89.76 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 1.58 and a beta of 1.14. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $150.19.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the firm earned $0.24 EPS. Airbnb’s quarterly revenue was up 17.9% on a year-over-year basis. Equities research analysts anticipate that Airbnb, Inc. will post 4.91 EPS for the current year.

Institutional Trading of Airbnb

Hedge funds and other institutional investors have recently modified their holdings of the company. Harris Associates L P boosted its position in shares of Airbnb by 21.0% during the fourth quarter. Harris Associates L P now owns 18,694,408 shares of the company’s stock worth $2,537,205,000 after buying an additional 3,240,477 shares during the period. Geode Capital Management LLC raised its position in Airbnb by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 10,076,465 shares of the company’s stock valued at $1,368,338,000 after buying an additional 47,966 shares during the last quarter. AQR Capital Management LLC lifted its stake in Airbnb by 58.4% in the 4th quarter. AQR Capital Management LLC now owns 6,762,784 shares of the company’s stock valued at $917,845,000 after acquiring an additional 2,492,847 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Airbnb by 3.7% in the 4th quarter. Clearbridge Investments LLC now owns 6,073,947 shares of the company’s stock valued at $824,356,000 after acquiring an additional 216,455 shares in the last quarter. Finally, Independent Franchise Partners LLP lifted its stake in Airbnb by 23.6% in the 4th quarter. Independent Franchise Partners LLP now owns 5,146,272 shares of the company’s stock valued at $698,452,000 after acquiring an additional 981,624 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Robert W. Baird raised its price target on Airbnb to $160 from $150 and reiterated an Outperform rating, reinforcing optimism that travel demand and product expansion can support further upside. Article: Airbnb Stock Rises After Analyst Hikes Price Target
• Positive Sentiment: Airbnb’s CEO has been highlighting a broader platform vision, including AI features and expansion beyond rentals into services, which supports the long-term growth narrative for ABNB.
• Positive Sentiment: Sentiment across travel stocks remains supportive, with investors still looking for resilience in travel spending and continued recovery in the sector.

Analyst Ratings Changes

ABNB has been the subject of a number of research analyst reports. Robert W. Baird boosted their target price on Airbnb from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $170.00 price objective on shares of Airbnb in a report on Friday, May 8th. Citizens Jmp boosted their price objective on Airbnb from $160.00 to $170.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. CICC Research began coverage on Airbnb in a research note on Friday, June 5th. They set an “outperform” rating and a $165.00 target price for the company. Finally, UBS Group increased their target price on Airbnb from $153.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Airbnb currently has a consensus rating of “Moderate Buy” and an average target price of $158.36.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.